2024 Hart-Scott-Rodino Requirements
Hart-Scott-Rodino (HSR) filing thresholds will be adjusted upward effective March 6, 2024, and for parties involved in a merger or acquisition these adjustments may affect whether a company is required to make a premerger notification filing in any given transaction.
Revela Foods, a New Heritage Capital Portfolio Company, Acquired by Archer Daniels Midland
Choate represented New Heritage Capital and its portfolio company, Revela Foods, in the sale of Revela to Archer Daniels Midland, a fortune 50 company.
Thirdera, a Sunstone Partners Portfolio Company, Acquired by Cognizant
Choate represented Sunstone Partners and its portfolio company, Thirdera, in the sale of Thirdera to Cognizant (Nasdaq: CTSH).
Ametros to be Acquired by Webster Bank
Choate represented Long Ridge Equity Partners in the sale of its portfolio company, Ametros, to Webster Bank.
DOXA Insurance Holdings to be Acquired by Goldman Sachs
Choate represented Century Equity Partners in the sale of its portfolio company, DOXA Insurance Holdings, to Goldman Sachs Asset Management.
FTC Files Antitrust Charges Against a Private Equity Sponsor
The current FTC leadership has been making strong statements against private equity roll-ups across industry sectors, and on September 21, 2023, acted on this rhetoric by suing a large health care provider in Texas, along with its founding private equity sponsor.
FTC Proposal for New HSR Rules Will Dramatically Increase Time and Cost of Premerger Filings
The Federal Trade Commission (FTC), with the concurrence of the Department of Justice (DOJ), recently published proposed rules aimed at radically expanding the information that goes into a Hart-Scott-Rodino (HSR) filing. By the FTC’s estimate, the time required to complete an HSR filing will increase, on average, by 107 hours.
Ritter Insurance Marketing Acquired by Integrity Marketing
Choate represented Century Equity Partners and its portfolio company, Ritter Insurance Marketing, in its acquisition by Integrity Marketing Group, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions.
BV Investment Partners Makes Investment in Marlabs
Choate represented BV Investment Partners in its investment in Marlabs, the global digital solutions company.